Wet Friction Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Wet Friction Materials Market covers analysis By Type (Sintered Metal, Paper, Graphite, Elastomer, Others); End-Use (Automotive, Railway, Construction, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00016572
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Wet friction is the power of grating between a strong surface and a fluid surface. Constituents of wet friction materials incorporate filaments, fillers and saps. Wet erosion material is a compressible, permeable and penetrable material that works in oil and moves force to and from metal plates that are in contact with the wet rubbing plates. For high energy and ceaseless slip applications, wet is favored over dry since the frictional warmth is eliminated more adequately with oil than air.

MARKET DYNAMICS

The friction materials market has seen huge development because of progressions in braking technologies. Significant region of utilization of wet friction products and materials are airplanes, traveler vehicles, railroads, trucks, business vehicles, alongside other present day applications. Flooding interest for business and traveler vehicles has provoked the ascent in the use of car parts, which is driving the advancement of the wet friction materials market.

MARKET SCOPE

The "Global Wet Friction Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wet friction materials market with detailed market segmentation by type, end use and geography. The global wet friction materials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wet friction materials market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global wet friction materials market is segmented on the basis of type, and end use. Based on type the wet friction materials market is segmented into sintered metal, paper, graphite, elastomer and others. By end use the market is segmented into automotive, railway, construction and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wet friction materials market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wet friction materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the wet friction materials market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wet friction materials market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global wet friction materials market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wet friction materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the wet friction materials market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wet friction materials market in these regions.

MARKET PLAYERS

The reports cover key developments in the wet friction materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wet friction materials market are anticipated to lucrative growth opportunities in the future with the rising demand for wet friction materials in the global market. Below mentioned is the list of few companies engaged in the wet friction materials market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wet friction materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Aisin Chemical
  •   Carlisle Companies Incorporated
  •   Japan Brake
  •   GMP Friction Products
  •   Sauver
  •   Protech Friction Group
  •   JM Frictech India Pvt Ltd
  •   Tungaloy Corporation
  •   Tokai Carbon
  •   Miba AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wet Friction Materials Market - By Type
1.3.2 Wet Friction Materials Market - By End-Use
1.3.3 Wet Friction Materials Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. WET FRICTION MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. WET FRICTION MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. WET FRICTION MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. WET FRICTION MATERIALS - GLOBAL MARKET OVERVIEW
6.2. WET FRICTION MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. WET FRICTION MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINTERED METAL
7.3.1. Overview
7.3.2. Sintered Metal Market Forecast and Analysis
7.4. PAPER
7.4.1. Overview
7.4.2. Paper Market Forecast and Analysis
7.5. GRAPHITE
7.5.1. Overview
7.5.2. Graphite Market Forecast and Analysis
7.6. ELASTOMER
7.6.1. Overview
7.6.2. Elastomer Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. WET FRICTION MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. RAILWAY
8.4.1. Overview
8.4.2. Railway Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. WET FRICTION MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wet Friction Materials Market Overview
9.1.2 North America Wet Friction Materials Market Forecasts and Analysis
9.1.3 North America Wet Friction Materials Market Forecasts and Analysis - By Type
9.1.4 North America Wet Friction Materials Market Forecasts and Analysis - By End-Use
9.1.5 North America Wet Friction Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wet Friction Materials Market
9.1.5.1.1 United States Wet Friction Materials Market by Type
9.1.5.1.2 United States Wet Friction Materials Market by End-Use
9.1.5.2 Canada Wet Friction Materials Market
9.1.5.2.1 Canada Wet Friction Materials Market by Type
9.1.5.2.2 Canada Wet Friction Materials Market by End-Use
9.1.5.3 Mexico Wet Friction Materials Market
9.1.5.3.1 Mexico Wet Friction Materials Market by Type
9.1.5.3.2 Mexico Wet Friction Materials Market by End-Use
9.2. EUROPE
9.2.1 Europe Wet Friction Materials Market Overview
9.2.2 Europe Wet Friction Materials Market Forecasts and Analysis
9.2.3 Europe Wet Friction Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Wet Friction Materials Market Forecasts and Analysis - By End-Use
9.2.5 Europe Wet Friction Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wet Friction Materials Market
9.2.5.1.1 Germany Wet Friction Materials Market by Type
9.2.5.1.2 Germany Wet Friction Materials Market by End-Use
9.2.5.2 France Wet Friction Materials Market
9.2.5.2.1 France Wet Friction Materials Market by Type
9.2.5.2.2 France Wet Friction Materials Market by End-Use
9.2.5.3 Italy Wet Friction Materials Market
9.2.5.3.1 Italy Wet Friction Materials Market by Type
9.2.5.3.2 Italy Wet Friction Materials Market by End-Use
9.2.5.4 United Kingdom Wet Friction Materials Market
9.2.5.4.1 United Kingdom Wet Friction Materials Market by Type
9.2.5.4.2 United Kingdom Wet Friction Materials Market by End-Use
9.2.5.5 Russia Wet Friction Materials Market
9.2.5.5.1 Russia Wet Friction Materials Market by Type
9.2.5.5.2 Russia Wet Friction Materials Market by End-Use
9.2.5.6 Rest of Europe Wet Friction Materials Market
9.2.5.6.1 Rest of Europe Wet Friction Materials Market by Type
9.2.5.6.2 Rest of Europe Wet Friction Materials Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wet Friction Materials Market Overview
9.3.2 Asia-Pacific Wet Friction Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Wet Friction Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Wet Friction Materials Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Wet Friction Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wet Friction Materials Market
9.3.5.1.1 Australia Wet Friction Materials Market by Type
9.3.5.1.2 Australia Wet Friction Materials Market by End-Use
9.3.5.2 China Wet Friction Materials Market
9.3.5.2.1 China Wet Friction Materials Market by Type
9.3.5.2.2 China Wet Friction Materials Market by End-Use
9.3.5.3 India Wet Friction Materials Market
9.3.5.3.1 India Wet Friction Materials Market by Type
9.3.5.3.2 India Wet Friction Materials Market by End-Use
9.3.5.4 Japan Wet Friction Materials Market
9.3.5.4.1 Japan Wet Friction Materials Market by Type
9.3.5.4.2 Japan Wet Friction Materials Market by End-Use
9.3.5.5 South Korea Wet Friction Materials Market
9.3.5.5.1 South Korea Wet Friction Materials Market by Type
9.3.5.5.2 South Korea Wet Friction Materials Market by End-Use
9.3.5.6 Rest of Asia-Pacific Wet Friction Materials Market
9.3.5.6.1 Rest of Asia-Pacific Wet Friction Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Wet Friction Materials Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wet Friction Materials Market Overview
9.4.2 Middle East and Africa Wet Friction Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Wet Friction Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Wet Friction Materials Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Wet Friction Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wet Friction Materials Market
9.4.5.1.1 South Africa Wet Friction Materials Market by Type
9.4.5.1.2 South Africa Wet Friction Materials Market by End-Use
9.4.5.2 Saudi Arabia Wet Friction Materials Market
9.4.5.2.1 Saudi Arabia Wet Friction Materials Market by Type
9.4.5.2.2 Saudi Arabia Wet Friction Materials Market by End-Use
9.4.5.3 U.A.E Wet Friction Materials Market
9.4.5.3.1 U.A.E Wet Friction Materials Market by Type
9.4.5.3.2 U.A.E Wet Friction Materials Market by End-Use
9.4.5.4 Rest of Middle East and Africa Wet Friction Materials Market
9.4.5.4.1 Rest of Middle East and Africa Wet Friction Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Wet Friction Materials Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wet Friction Materials Market Overview
9.5.2 South and Central America Wet Friction Materials Market Forecasts and Analysis
9.5.3 South and Central America Wet Friction Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Wet Friction Materials Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Wet Friction Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wet Friction Materials Market
9.5.5.1.1 Brazil Wet Friction Materials Market by Type
9.5.5.1.2 Brazil Wet Friction Materials Market by End-Use
9.5.5.2 Argentina Wet Friction Materials Market
9.5.5.2.1 Argentina Wet Friction Materials Market by Type
9.5.5.2.2 Argentina Wet Friction Materials Market by End-Use
9.5.5.3 Rest of South and Central America Wet Friction Materials Market
9.5.5.3.1 Rest of South and Central America Wet Friction Materials Market by Type
9.5.5.3.2 Rest of South and Central America Wet Friction Materials Market by End-Use

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. WET FRICTION MATERIALS MARKET, KEY COMPANY PROFILES
11.1. AISIN CHEMICAL
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARLISLE BRAKE AND FRICTION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JAPAN BRAKE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MIBA AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PROTECH FRICTION GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAUVER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GMP FRICTION PRODUCTS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TOKAI CARBON
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TUNGALOY CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. JM FRICTECH INDIA PVT LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Aisin Chemical
2. CARLISLE BRAKE AND FRICTION
3. Japan Brake
4. Miba AG
5. ProTech Friction Group
6. Sauver
7. GMP FRICTION PRODUCTS
8. Tokai Carbon
9. TUNGALOY CORPORATION
10. JM FRICTECH INDIA PVT LTD

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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